New Delhi, Aug. 4 -- The Department for Promotion of Industry and Internal Trade (DPIIT) has sanctioned and released funds amounting to Rs 16,172.95 crore to the National Industrial Corridor Development and Implementation Trust (NICDIT) for the execution of corridor projects, according to the Ministry of Commerce & Industry.

Out of this allocation, NICDIT has further disbursed Rs 14,569.97 crore directly to project Special Purpose Vehicles (SPVs) to carry out ground-level project development for various industrial nodes under the scheme.

Under the broader national framework, the central government had approved a total of 20 industrial nodes. Infrastructure expansion has accelerated in recent years, with 12 of these 20 projects receiving...